SEC FORM 4

SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Jarvis Scot B

(Last)

(First)

(Middle)

777 YAMATO ROAD, SUITE 310

(Street)

BOCA RATON

33431

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Airspan Networks Holdings Inc. [ MIMO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/13/2021		J		251,910	A	⁽¹⁾	251,910	I	See footnote⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrants (right to buy)	$12.5	08/13/2021		J		12,727		08/13/2021	08/13/2023	Common Stock	12,727	⁽¹⁾	12,727	I	See footnote⁽²⁾
Warrants (right to buy)	$15	08/13/2021		J		12,727		08/13/2021	08/13/2023	Common Stock	12,727	⁽¹⁾	12,727	I	See footnote⁽²⁾
Warrants (right to buy)	$17.5	08/13/2021		J		12,727		08/13/2021	08/13/2023	Common Stock	12,727	⁽¹⁾	12,727	I	See footnote⁽²⁾
Stock Option (right to buy)	$1.94	08/13/2021		A		12,178		08/13/2021	06/09/2024	Common Stock	12,178	⁽³⁾	12,178	D
Stock Option (right to buy)	$2.53	08/13/2021		A		6,490		08/13/2021	11/04/2024	Common Stock	6,490	⁽⁴⁾	6,490	D
Stock Option (right to buy)	$2.53	08/13/2021		A		5,209		08/13/2021	01/29/2025	Common Stock	5,209	⁽⁵⁾	5,209	D
Stock Option (right to buy)	$2.66	08/13/2021		A		6,974		08/13/2021	02/03/2026	Common Stock	6,974	⁽⁶⁾	6,974	D
Stock Option (right to buy)	$3.36	08/13/2021		A		14,676		⁽⁷⁾	04/27/2027	Common Stock	14,676	⁽⁸⁾	14,676	D
Stock Option (right to buy)	$5.42	08/13/2021		A		18,125		⁽⁹⁾	01/29/2029	Common Stock	18,125	⁽¹⁰⁾	18,125	D
Stock Option (right to buy)	$3.96	08/13/2021		A		14,918		⁽¹¹⁾	02/11/2030	Common Stock	14,918	⁽¹²⁾	14,918	D
Stock Option (right to buy)	$6.29	08/13/2021		A		8,451		⁽¹³⁾	01/28/2031	Common Stock	8,451	⁽¹⁴⁾	8,451	D

Explanation of Responses:

1. Received in exchange for (a) 16,260 shares of Airspan Networks Inc. ("Legacy Airspan") Series D Preferred Stock, (b) 4,065 shares of Legacy Airspan Series G Senior Preferred Stock, (c) 4,066 shares of Legacy Airspan Series H Senior Preferred Stock and (d) warrants exercisable for 2,033 shares of Legacy Airspan Series H Senior Preferred Stock in connection with the merger of Artemis Merger Sub Corp. ("Merger Sub") with and into Legacy Airspan (the "Merger") pursuant to that certain Business Combination Agreement, dated as of March 8, 2021, by and among Airspan Networks Holdings Inc. (f/k/a New Beginnings Acquisition Corp.), Legacy Airspan and Merger Sub.

2. The securities are held by Connis Point Partners, LLC, of which Mr. Jarvis is the Managing Member.

3. Received in the Merger in exchange for a stock option to acquire 2,111 shares of Legacy Airspan common stock for $11.22 per share.

4. Received in the Merger in exchange for a stock option to acquire 1,125 shares of Legacy Airspan common stock for $14.61 per share.

5. Received in the Merger in exchange for a stock option to acquire 903 shares of Legacy Airspan common stock for $14.61 per share.

6. Received in the Merger in exchange for a stock option to acquire 1,209 shares of Legacy Airspan common stock for $15.32 per share.

7. The stock option vests as to 25% on April 27, 2018, and in 36 equal monthly installments thereafter.

8. Received in the Merger in exchange for a stock option to acquire 2,544 shares of Legacy Airspan common stock for $19.37 per share.

9. The stock option vests as to 25% on January 29, 2020, and in 36 equal monthly installments thereafter.

10. Received in the Merger in exchange for a stock option to acquire 3,142 shares of Legacy Airspan common stock for $31.26 per share.

11. The stock option vests as to 25% on February 11, 2021, and in 36 equal monthly installments thereafter.

12. Received in the Merger in exchange for a stock option to acquire 2,586 shares of Legacy Airspan common stock for $22.86 per share.

13. The stock option vests as to 25% on January 28, 2022, and in 36 equal monthly installments thereafter.

14. Received in the Merger in exchange for a stock option to acquire 1,465 shares of Legacy Airspan common stock for $36.30 per share.

	/s/ David Brant, Attorney-in-Fact	08/13/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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SEC Form 4 filed by Jarvis Scot B